Hongcheng Environmental Technology (HKG:2265) released its full-year 2023 financial results, reporting a significant decline in revenue of 52% to CN¥108.0m compared to FY 2022. Net income also saw a decrease of 78% to CN¥17.5m from the previous year. The profit margin dropped to 16% from 36% in FY 2022, mainly due to the decrease in revenue. Earnings per share (EPS) also decreased to CN¥0.017 from CN¥0.08 in FY 2022.
The figures shown in the chart above are for the trailing 12 months (TTM) period, which looks at Hongcheng Environmental Technology’s earnings and revenue history as of March 31st, 2024. Despite this, the stock’s share price has remained relatively unchanged from a week ago.
Before investing in any company, it is essential to consider potential risks and evaluate whether it is over or undervalued using fair value estimates, risks, warnings, dividends, insider transactions, and financial health data. Our comprehensive analysis can help simplify this process and provide long-term focused insights driven by fundamental data that may not include latest price-sensitive company announcements or qualitative material.
It is important for investors to be aware of two warning signs when investing in Hongcheng Environmental Technology: valuation can be complex but can be simplified with our analysis; and there are other factors that investors should take into account when making investment decisions such as insider transactions and financial health data.
If you have any feedback on this article or concerns about its content, please reach out directly or email our editorial team at editorial-team@simplywallst.com. This article by Simply Wall St is based on historical data and analyst forecasts using an unbiased methodology and should not be considered financial advice or recommendations to buy or sell any stock without taking individual objectives and financial situations into account.
Simply Wall St does not have a position in any stocks mentioned but aims to provide long-term focused insights driven by fundamental data that may not include latest price-sensitive company announcements or qualitative material.
In conclusion, Hongcheng Environmental Technology’s full-year 2023 financial results show a significant decline in revenue and net income compared to the previous year, resulting in a lower profit margin and earnings per share. It is important for investors to consider potential risks before investing in this company by evaluating fair value estimates, risks warnings, dividends insider transactions and financial health data using our comprehensive analysis methods
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